Agent Compensation. The Service Provider shall, on behalf of the Company, pay the compensation due from the Company to the broker/dealers of record for the Reinsured Policies as determined pursuant to any written agreements under which any payments become due after the Service Commencement Date. In connection therewith, the Service Provider shall also give effect to any debit balances and/or overpayment that are recoverable or deductible from current or future commission payments. The Service Provider shall assure compliance with all reasonable commission accounting or other standards.
Appears in 3 contracts
Samples: Administrative Services Agreement (Jackson VFL Variable Life Separate Account), Administrative Services Agreement (Jackson VFL Variable Annuity Separate Account), Administrative Services Agreement (Jackson VFL Variable Annuity Separate Account)
Agent Compensation. The Service Provider shall, on behalf of the Company, pay the compensation due from the Company to the broker/dealers agents or brokers of record for the Reinsured Policies as determined pursuant to any written agreements under which any payments become due after the Service Commencement Date. In connection therewith, the Service Provider shall also give effect to any debit balances and/or overpayment that are recoverable or deductible from current or future commission payments. The Service Provider shall assure compliance with all reasonable commission accounting or other standardsEffective Time.
Appears in 2 contracts
Samples: Purchase Agreement (Charter National Variable Annuity Account), Purchase Agreement (Intramerica Variable Annuity Account)
